China pledges better M&A environment

China on Monday made it easier for its companies to carry out cross-border mergers and acquisitions, senior officials said.

Pledges were made to increase multinational companies' access to government initiatives to ease overcapacity and improve China's industrial structure.

The State Council, China's Cabinet, issued a notice to cut administration and barriers for mergers and reorganizations. It will also improve services related to finance, tax, land use and employee relocation while helping to ease overcapacity and enhancing the industrial structure.